Le instrumento inversión, llamado HB10, is now open for subscriptions and only accepts purchases using cryptocurrencies, instead of fiat currencies.

The company further added that since the product will also be available for institutional investors, it could potentially “reduce the impact of institutional entry and exit” on single cryptocurrencies.

GMO launches mobile app that lets gamers earn Bitcoin

Japanese technology firm GMO Internet Group has developed a new mobile app that lets users earn Bitcoin simply by playing games.

The new app – called CryptoChips – will initially be integrated with a real-time territorial battle game also developed by GMO called “Whimsical War.”

The tech giant said the hope is to encourage the public to become familiar with cryptocurrencies via the new app, since users will need to use their own digital wallets to receive and use Bitcoin.

A high-ranking official at the International Monetary Fund (IMF) is urging central banks to develop “better” fiat currencies in order to maintain their leadership pace over cryptocurrency.

IMF deputy director Dong He makes the case that “crypto assets may one day reduce demand for central bank money” and that government institutions must do more to not let that happen. In other words, to “forestall the competitive pressure crypto assets may exert on fiat currencies,"le bancos centrales k'a'abéet máatik yane' yo'osal le centrales u conducción activos digitales.